Coinbase News: Coinbase Releases Impressive Ethereum Validator Performance Report and Emerges as Largest Node Operator

Coinbase, a leading cryptocurrency exchange, has made significant strides in the Ethereum staking space with the release of its first Validator Performance Report. The report reveals impressive figures and establishes Coinbase as the largest Ethereum node operator.

Coinbase Releases Ethereum Validator Performance Report

Coinbase has released its first Ethereum Validator Performance Report, revealing that the platform operates 120,000 validators with 3.84 million ETH staked, representing 11.42% of the total staked supply. An additional 581,500 ETH is staked through its partners. The report shows a 99.75% validator uptime with zero slashing or double signing cases since operations began.

Coinbase Becomes Largest Ethereum Node Operator

Coinbase has emerged as the largest node operator on the Ethereum network, controlling 11.42% of the total staked Ether (ETH), according to a recent performance report by the crypto exchange. As of March 3, Coinbase had 3.84 million ETH staked to its validators, valued at approximately $6.8 billion. While staking platform Lido holds a larger collective share of staked ETH, its network is distributed among multiple smaller node operators, making Coinbase the single largest individual operator. The exchange also reported strong validator performance, boasting an average uptime of 99.75%, exceeding its 99% target.